My claim is that the combination [any combination] of pre-nrst price reductions combined with wage increases and lower effective rates will result in a net zero change in purchasing power. That's what Jorgenson said BTW.
Further, I claim that any legal participant in today's income/payroll tax system will have increased purchasing power over the income tax system. That is, they will be able to buy more under the nrst than they would if the income tax continued.
Merry Christmas AR
My claim is that the combination [any combination] of pre-nrst price reductions combined with wage increases and lower effective rates will result in a net zero change in purchasing power. That's what Jorgenson said BTW.Unless you can show something to the contrary, his producer (not retail) price reductions were from a combination of things, one of which was reduced gross wages, not increased wages....
That is what Jorgenson said.
BTW, your "claim" would not be revenue neutral.
It's interesting how you went from 22% embedded "tax costs" to 9% practically at the flick of a switch.
Merry Christmas to you too.